China has announced a trial pilot program for the digital Yuan. The Peoples Bank of China will participate in the launch of the digital currency. Several local businesses will also play a part in the program. Three US based businesses will also participate in the launch of the currency. McDonalds. Starbucks, and Subway are the three US based companies which will be involved in the testing of the digital Yuan.
Will the digital based currency be competition for cryptocurrencies or will the digital Yuan open the door for more investment in cryptocurrency infrastructure?
